Microsoft has begun separately reporting Azure revenue and profitability for the first time, moving it out of the broader intelligent cloud segment.

Microsoft has revised its financial reporting framework, disclosing Azure-specific revenue for the first time. In a presentation shared with investors, the company reported that Azure cloud offerings generated $29.42bn in revenue during the most recent quarter, totaling $101.94bn for the full fiscal year 2026.

This marks a substantial increase from the prior year, when Azure contributed $20.7bn in the corresponding quarter and $72.6bn for the full fiscal period. These figures follow Microsoft’s initial earnings release in late July, which showed its Intelligent Cloud division—including Azure—reporting $39.3bn in revenue.

For competitive context, Amazon Web Services (AWS) recorded $42.2bn in cloud revenue during the same quarter, while Google’s cloud segment brought in $24.8bn.

Moving forward, Microsoft will restructure its earnings reporting into two overarching segments: Agents and Infra, which will include applications, agents, Microsoft 365, and Azure; and Devices and Consumer, covering search, advertising, Xbox, and Windows. Starting in 2027, the company stated that investors will have "full transparency of quarterly revenue across each of our key businesses".